Opening 2021 Stanley Cup Odds Following NHL Draft and Free Agency

  • Bovada has 2021 Stanley Cup odds for all 31 National Hockey League teams
  • The Lightning and Avalanche opened as +750 co-favorites to hoist Lord Stanley in 2021
  • The Rangers (+2800) drafted blue-chip winger Alexis Lafrenière at No. 1 overall

Overcoming years of heartbreak and near-misses, the Lightning defeated the Dallas Stars in six games to win the 2020 Stanley Cup. And while the global pandemic has definitely put a damper on Ovie-like celebrations this offseason, Jon Cooper’s team may have another chance to party with Lord Stanley next summer, according to oddsmakers.

Tampa Bay is a +750 co-favorite — with the Colorado Avalanche — to win back-to-back championships. With a new NHL season set to get underway on January 1, let’s look at the opening Cup odds for every team in the league.

ODDS TO WIN 2021 STANLEY CUP

Winner Odds
Colorado Avalanche +750
Tampa Bay Lightning +750
Vegas Golden Knights +800
Boston Bruins +1200
Philadelphia Flyers +1400
Toronto Maple Leafs +1600
Pittsburgh Penguins +1800
Washington Capitals +2000
Dallas Stars +2000
Edmonton Oilers +2200
St. Louis Blues +2200
New York Islanders +2200
Carolina Hurricanes +2400
Vancouver Canucks +2500
New York Rangers +2800
Montreal Canadiens +3000
Nashville Predators +3300
Winnipeg Jets +3300
Arizona Coyotes +4000
Calgary Flames +4000
San Jose Sharks +4500
Columbus Blue Jackets +5000
Florida Panthers +5000
Minnesota Wild +5000
New Jersey Devils +6000
Buffalo Sabres +6600
Chicago Blackhawks +6600
Los Angeles KIngs +6600
Anaheim Ducks +8000
Ottawa Senators +10000
Detroit Red Wings +15000

STANLEY CUP FAVORITES

While Tampa Bay (+750) had to place veteran center Tyler Johnson on waivers for cap relief, Colorado (+750) was able to weaponize their cap space, adding left winger Brandon Saad and defenseman Devon Toews via the trade market. However, the Avalanche’s primary competition in the Western Conference, the Vegas Golden Knights (+800), may have got even better with the signing of free-agent blueliner Alex Pietrangelo.

Oddsmakers still view the Bruins (+1200) as an Eastern Conference powerhouse, but Boston lost power-play producer Torey Krug to the Blues in free agency without making any splashy moves of their own.

Pittsburgh (+1800) and Washington (+2000) also look similarly mispriced given how little was done to supplement the aging core’s of these past champions . Despite having two Hart Trophy winners on their roster in Connor McDavid (2017) and Leon Draisaitl (2020), the Oilers (+2200) are also a bad bet after failing to upgrade their goaltending situation.

DARK HORSE CONTENDERS

Given they’re one of the most-famous hockey franchise on earth, the Maple Leafs (+1600) don’t fit the description of a dark horse, but general manager Kyle Dubas deserves credits for fitting defenseman T.J. Brodie under the cap, as well as adding much-needed veteran depth and toughness in Wayne Simmonds and Joe Thornton.

The Stars (+2000) didn’t do much aside from re-upping playoff hero Anton Khudobin, but with young stars like Miro Heiskanen and Denis Gurianov patrolling the blueline, Dallas is once again among the best bets to win the West. The 2019 Cup champs in St. Louis (+2200) also shouldn’t be dismissed after proactively subbing in Krug for Pietrangelo on the blueline.

Looking at teams that might be ready to make the leap, the Rangers (+2800) selected blue-chip forward Alexis Lafrenière at No. 1 overall in this year’s NHL Entry Draft, only one season after adding sniper Artemi Panarin in free agency and Finnish winger Kaapo Kakko via the draft.

After years in obscurity, the Montreal Canadiens (+3000) also look ready to make deep Cup run after adding four-time 20-goal scorer Tyler Toffoli and bruising forward Josh Anderson to complement the recently re-signed Brendan Gallagher and blossoming young center Nick Suzuki.

Best Bet: Blues (+2200)

Steve Dominey

Steve has almost 15 years of experience in marketing, PR and sports television. After acquiring a Journalism degree from Carleton University, he assembled highlight packs for Canada's most-watched sports network (TSN) before transitioning to a career in communications. He describes himself as a good father, great dog owner, and mediocre gambler and husband.